Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.93
    -0.43 (-0.52%)
     

  • GOLD FUTURES

    2,332.30
    -9.80 (-0.42%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,321.44
    -1,858.40 (-3.49%)
     

  • CMC Crypto 200

    1,388.71
    -35.39 (-2.48%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Nigeria's Seplat gets more time to make an offer for Afren

Reuters - UK Focus

Jan 30 (Reuters) - British oil producer Afren Plc (LSE: AFR.L - news) said the UK Takeover Panel extended the deadline for Nigeria's Seplat Petroleum Development Co to make a firm offer or walk away.

Seplat now has time until 1700 GMT on Feb. 13. A previous deadline ends on Saturday.

Afren said in December it had received a preliminary approach from Seplat. The companies received the first deadline extension on Jan. 19.

The London-listed company, whose main producing assets are in Nigeria, has been struggling with looming debt payments and tumbling oil prices.

Afren's shares rose as much as 55 percent during the day pending the deadline. The stock was up 32 percent at 5.59 pence at 1540 GMT on the London Stock Exchange (Other OTC: LDNXF - news) .

At Thursday's close, Afren was valued at about 46.7 million pounds ($70 million). ($1 = 0.6652 pounds) (Reporting by Aastha Agnihotri in Bengaluru)